The Ethereum platform is getting ready for a significant update, which might transform fee payment for operations. The new feature – Pectra update that is to be released in March 2025 will let users pay with ERC-20 tokens, such as SHIB. That will be done using account abstraction which is likely; to increase flexibility in […]
Gas fee
Ethereum Experiences Historic Drop In Network Fees: Report
Ethereum network has reported the lowest average fees as of the current year since the year 2016. This disclosure was made by the founder of Wu Blockchain on X, who ensured that information on this was passed on by Coinbase Director Conor. The above data implies that of the ten least average fees per hour […]
Ethereum Transaction Fees Plummet To $1.12, Santiment Analyzes Market Sentiment
A well-known analytical platform Santiment has provided invaluable data on Ethereum’s transaction fee scenario. Santiment disclosed in a recent post on the X platform that the average fee for Ethereum network transactions has dropped to a mere $1.12. This records the lowest daily average cost seen since 18th of October. The discussion focuses on a […]
Visa’s Bold Move: Direct On-Chain Gas Fee Settlement via Visa Cards
In a potential game-changer, Visa, a global payment leader, is piloting an inventive approach allowing users to settle on-chain gas fees directly via Visa cards, signaling a step toward melding conventional finance with the decentralized domain. News of this groundbreaking endeavor was unveiled by well-known crypto analyst Wu Blockchain on August 11th, 2023, marking a […]
Ethereum’s Gas Fees And Supply On Exchanges Hit Historic Low
Ethereum, the world’s second-largest crypto has registered some notable activity. As highlighted by prominent on-chain analytics firm Santiment, ETH’s average transaction fees have fallen by 70% to $4.28 after its previous peak of $14 in early May. Despite being widely used, the ETH network has been known to turn consumers away because of the high […]
Ethereum Trader Paid $119K Gas Fee For A Single Transaction
Ethereum’s escalating gas fees are becoming a source of concern after recent data showed a user paying a whopping $119k in fees for a single transaction. Data highlighted by WhaleAlert revealed that the trader had to shell out 64.01 ETH worth roughly $119,121. Not long ago, ETH’s gas median hit 141gwei [one-billionth of one ETH], the […]